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Poutineau, Jean-Christophe; Vermandel, Gauthier – Journal of Economic Education, 2018
The authors provide a static two-country new Keynesian model to teach two related questions in international macroeconomics: the international transmission of unilateral monetary policy decisions and the gains coming from the coordination monetary rules. They concentrate on "normal times" and use a thoroughly graphical approach to…
Descriptors: International Cooperation, International Law, Financial Policy, Models
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Monaco, Andrew J. – Journal of Economic Education, 2018
The author discusses the development of a unique course, The Economics of Online Dating. The course is an upper-level undergraduate course that combines intensive discussion, peer review, and economic theory to teach modeling skills to undergraduates. The course uses the framework of "online dating," interpreted broadly, as a point of…
Descriptors: Dating (Social), Economics, Undergraduate Study, Economics Education
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Bhattacharya, Arghya; Jackson, Paul; Jenkins, Brian C. – Journal of Economic Education, 2018
The authors present a version of the Diamond-Mortensen-Pissarides model of unemployment that is accessible to undergraduates and preserve the dynamic structure of the original model. The model is solvable in closed form using basic algebra and admits a graphical representation useful for illustrating a variety of comparative statics. They show how…
Descriptors: Undergraduate Students, Economics Education, Unemployment, Models
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Hansen, Bruce E. – Journal of Economic Education, 2017
The field of econometrics largely started with time series analysis because many early datasets were time-series macroeconomic data. As the field developed, more cross-sectional and longitudinal datasets were collected, which today dominate the majority of academic empirical research. In nonacademic (private sector, central bank, and governmental)…
Descriptors: Economics, Economics Education, Undergraduate Students, College Instruction
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Reese, William A., Jr.; Robins, Russell P. – Journal of Economic Education, 2017
This exercise helps instructors teach students how to perform a simple event study. The study tests to see if stocks earn abnormal returns when added to the S&P 500. Students select a random sample of stocks that were added to the index between January 2000 and July 2015. The accompanying spreadsheet calculates cumulative abnormal returns and…
Descriptors: Finance Occupations, Business Administration Education, Learning Activities, Money Management
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Emerson, Tisha L. N.; English, Linda K. – Journal of Economic Education, 2016
The authors' data contain inter- and intra-class variations in experiments to which students in a principles of microeconomics course were exposed. These variations allowed the estimation of the effect on student achievement from the experimental treatment generally, as well as effects associated with participation in specific experiments. The…
Descriptors: Economics Education, Teaching Methods, Microeconomics, Control Groups
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Poutineau, Jean-Christophe; Vermandel, Gauthier – Journal of Economic Education, 2015
This article introduces macroprudential policy using a static New Keynesian Macroeconomics model with financial frictions. The authors analyze two related questions: First, they show how the procyclicality of financial factors, captured by the financial accelerator, amplifies the transmission of supply and demand shocks and impacts the intuition…
Descriptors: Macroeconomics, Policy, Models, Supply and Demand
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Duncan, Roberto – Journal of Economic Education, 2015
The canonical neoclassical model is insufficient to understand business cycle fluctuations in emerging market and developing economies. The author reformulates the model proposed by Aguiar and Gopinath (2007) in a simple setting that can be used to teach business cycle macroeconomics for emerging market and developing economies at the…
Descriptors: Macroeconomics, Models, Economics Education, Economic Climate
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Buttet, Sebastien; Roy, Udayan – Journal of Economic Education, 2015
The authors modify the Dynamic Aggregate Demand-Dynamic Aggregate Supply model in Mankiw's widely used intermediate macroeconomics textbook to discuss monetary policy when the natural real interest rate is falling over time. Their results highlight a new role for the central bank's inflation target as a tool of macroeconomic stabilization. They…
Descriptors: Macroeconomics, Credit (Finance), Models, Economic Climate
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Olney, Martha L. – Journal of Economic Education, 2015
The University of California, Berkeley sends more undergraduate students to economics PhD programs than any other public university. While this fact is surely a function of its size, there may be lessons from the Berkeley experience that others could adopt. To investigate why Berkeley generates so many economics PhD students, the author convened…
Descriptors: Undergraduate Students, Doctoral Programs, Economics Education, Student Surveys
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Buttet, Sebastien; Roy, Udayan – Journal of Economic Education, 2014
Several leading undergraduate intermediate macroeconomics textbooks now include a simple reduced-form New Keynesian model of short-run dynamics (alongside the IS-LM model). Unfortunately, there is no accompanying description of how the zero lower bound on nominal interest rates affects the model. In this article, the authors show how the…
Descriptors: Economics Education, Macroeconomics, Financial Policy, Models
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Murray, Michael P. – Journal of Economic Education, 2014
Individuals vary in their responses to incentives and opportunities. For example, additional education will affect one person differently than another. In recent years, econometricians have given increased attention to such heterogeneous responses and to the consequences of such responses for interpreting regression estimates, especially…
Descriptors: Economics Education, Graduate Study, Undergraduate Study, Responses
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Carroll, Thomas; Assane, Djeto; Busker, Jared – Journal of Economic Education, 2014
In this article, the authors use a large, recent, and accessible data set to examine the effect of economics major on individual earnings. They find a significant positive earnings gain for economics majors relative to other majors, and this advantage increases with the level of education. Their findings are consistent with Black, Sanders, and…
Descriptors: Majors (Students), Economics, Economics Education, Salary Wage Differentials
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Acemoglu, Daron – Journal of Economic Education, 2013
A central theme of this article is that economics instructors should spend more time teaching about economic growth and development at the undergraduate level because the topic is of interest to students, is less abstract than other macroeconomic topics, and is the focus of exciting research in economics. Facts and data can be presented to…
Descriptors: Undergraduate Study, Economic Development, Macroeconomics, Models
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Norman, Stephen; Schlaudraff, Jonathan; White, Karianne; Wills, Douglas – Journal of Economic Education, 2013
In this article, the authors show that the dividend discount model can be derived using the basic intertemporal consumption model that is introduced in a typical intermediate microeconomics course. This result will be of use to instructors who teach microeconomics to finance students in that it demonstrates the value of utility maximization in…
Descriptors: Microeconomics, Economics Education, College Instruction, Models
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